Answer:
Estimated manufacturing overhead rate= $1.75 per direct labor dollar
Explanation:
Giving the following information:
The estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $3,150,000, and total direct labor costs would be $1,800,000.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 3,150,000/1,800,000= $1.75 per direct labor dollar
Answer:
$17,122
Explanation:
As for the details provided it is obvious that Giancarlo will either buy Suzuki XL7 or will continue with the old car.
In case of buying Szuki XL7 he will sell the old car.
And all the amount received from such sale will be utilized in buying the new car.
Initial investment = Net amount to be paid for acquisition, but do not include any future maintenance amount.
The amount shall be:
Negotiated price + Taxes - Amount from sale of old car
= $24,675 + $1,732 - $9,285 = $17,122
Answer:
Date Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 50 $ 10
July 13 Purchase 250 13
July 25 Sold (100 ) $ 15
July 31 Ending Inventory 200
Cost of Goods Available for sale= 250 units at $ 13+ 50 units at $ 10
= 3250 + 500= $3750
FIFO Ending Inventory $ 2600
200 units at $ 13= $ 2600
Sales 100At $ 15= $1500
FIFO Cost Of Goods Sold $ 1150
50 units at $ 10= $ 500
50 units at $ 13= $ 650
LIFO Ending Inventory $ 2450
50 units at $ 10= $ 500
150 units at $ 13= $ 1950
Sales 100 at $ 15= $1500
LIFO Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less LIFO Ending Inventory = 3750- 2450= $ 1300
100 units at $ 13= $ 1300
Weighted Average Ending Inventory 12.5 * 200= $ 2500
Total Cost/ total units= 3750/300= 12.5
Weighted Average Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less Weighted Average Ending Inventory = 3750- 2500= $ 1250
Weighted Gross Profit= Sales Less Weighted Cost Of Goods Sold= $ 1500- $ 1250= $ 250
Answer:
5.20 times
Explanation:
Account receivable $29,500 + $45,000
= $74,500
$74,500 / 2 =
=$37,250
$194,000 / $37,250
= 5.20 times
Therefore Stealth Company's 2021 receivables turnover ratio is: 5.20 times
Answer: Social Vocation
Explanation:
This is because she derives joy from helping others.
Great interpersonal relationship, compassion are characteristics. So also she’ll have enough time to do all the humanitarian work she loves.
